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Real estate forecasting service Local Market Monitor, which predicts housing market trends for investors and banks, forecasts that housing prices will decline an average of 5% through 2010. This prediction includes double-digit decreases in Phoenix, Miami, and Las Vegas. But then the worst could be over, says CEO Ingo Winzer. As the recession eases, "We'll see good price increases in many markets," he reports. In the following markets, home values are expected to remain level this year but increase in value next year:

RISMEDIA, September 2, 2009—Contract activity for pending home sales has risen for six straight months, a pattern not seen in the history of the index since it began in 2001, according to the National Association of Realtors®.